Thursday, November 17, 2016

The ugly face of India's demonetization: Dozens of deaths...

India’s surprise announcement last week about invalidation of the country’s most circulated cash is quickly becoming more than just inconvenience for many.

Nearly three dozen people have died in the aftermath of India’s bold, surprising move to demonetize its Rs 500 ($7.5) and Rs 1,000 ($15) currency bills overnight last week.

Some of these people have reportedly died standing in the long snaking queues, while many others died because hospitals, pharmacy shops, and ambulances refused to offer services in exchange of old notes.

A child reportedly died at a hospital owned by union culture and tourism minister Mahesh Sharma, after the staff refused to accept old notes for treatment. Full story...

Related posts:
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  2. Decision on note ban like 'kadak chai'; bad taste for rich, poor love...
  3. India's great bank note switch appears to be working...
  4. India's Dalit minister Mayawati gets garland made entirely of rupees!!!
  5. India's audacious plan to bring digital banking to 1.2 billion people...
  6. Making child's play out of banking in India...

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